NewEdge Wealth LLC Reduces Stock Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

NewEdge Wealth LLC decreased its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 0.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 17,408 shares of the medical equipment provider’s stock after selling 82 shares during the period. NewEdge Wealth LLC’s holdings in Intuitive Surgical were worth $9,086,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in ISRG. Berbice Capital Management LLC acquired a new position in shares of Intuitive Surgical in the 4th quarter worth approximately $26,000. BankPlus Trust Department acquired a new position in shares of Intuitive Surgical in the 4th quarter worth approximately $28,000. MidAtlantic Capital Management Inc. acquired a new position in shares of Intuitive Surgical in the 3rd quarter worth approximately $33,000. Decker Retirement Planning Inc. acquired a new position in shares of Intuitive Surgical in the 4th quarter worth approximately $36,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Intuitive Surgical in the 3rd quarter worth approximately $38,000. Institutional investors and hedge funds own 83.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ISRG. Morgan Stanley upgraded Intuitive Surgical from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $522.00 to $650.00 in a research report on Monday, December 2nd. Royal Bank of Canada boosted their price objective on Intuitive Surgical from $611.00 to $641.00 in a research report on Monday, January 27th. Leerink Partners boosted their price objective on Intuitive Surgical from $490.00 to $548.00 in a research report on Monday, January 27th. Citigroup boosted their price objective on Intuitive Surgical from $640.00 to $711.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Finally, Piper Sandler restated an “overweight” rating and set a $670.00 price objective (up previously from $538.00) on shares of Intuitive Surgical in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $613.10.

Intuitive Surgical Stock Performance

ISRG opened at $563.77 on Friday. Intuitive Surgical, Inc. has a one year low of $364.17 and a one year high of $616.00. The stock’s fifty day moving average is $568.89 and its 200-day moving average is $527.90. The company has a market capitalization of $200.80 billion, a PE ratio of 87.95, a P/E/G ratio of 5.85 and a beta of 1.39.

Insider Transactions at Intuitive Surgical

In other news, EVP Myriam Curet sold 2,401 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $581.00, for a total transaction of $1,394,981.00. Following the sale, the executive vice president now directly owns 353 shares of the company’s stock, valued at $205,093. The trade was a 87.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Amal M. Johnson sold 4,635 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $566.60, for a total value of $2,626,191.00. Following the sale, the director now directly owns 12,275 shares in the company, valued at $6,955,015. This trade represents a 27.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,077 shares of company stock valued at $4,620,025. Corporate insiders own 0.80% of the company’s stock.

Intuitive Surgical Company Profile

Intuitive Surgical, Inc develops, manufactures, and markets products that enable physicians and healthcare providers to enhance the quality of and access to minimally invasive care in the United States and internationally. The company offers the da Vinci Surgical System that enables complex surgery using a minimally invasive approach; and Ion endoluminal system, which extends its commercial offerings beyond surgery into diagnostic procedures enabling minimally invasive biopsies in the lung.